Ron Teerlink, head of Royal Bank of Scotland's business services division, has
announced he will leave the lender next year, marking the exit of the last
former senior ABN Amro manager.

The last remaining senior manager to join Royal Bank of Scotland as part of its disastrous merger with ABN Amro has announced he will leave the taxpayer-backed lender next year.

Ron Teerlink, head of RBS’s business services division, has told the bank he will step down from the job in the first half of next year.

In a message to staff Stephen Hester, chief executive of RBS, said he was “sad to see Ron leave the company” but added that he understood “the personal family reasons behind his decision”.

Mr Teerlink joined RBS in 2007 following its acquisition of Dutch banking group ABN Amro. Since then he has survived numerous culls and was the only former ABN employee on the bank’s executive committee.

This summer, Mr Teerlink’s division came under intense scrutiny following a prolonged IT outage that left millions of the bank’s customers without access to their accounts.